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Perhaps the worst kept secret in Cupertino is that an Apple TV refresh is on the way. Then again, it really won't be an Apple TV refresh since it appears that Apple TV will no longer be the name Apple uses. According to a report published today by Engadget, Apple will re-brand Apple TV as "iTV" when the new roll-out finally takes place.

Three months ago, the concept of a new and improved Apple TV was teased by sources in the know. What we were presented with was the image of an a smaller set-top box running only $99 and serving up several new bells and whistles. But while today's report from Engadget once again reiterates a new Apple TV unveiling in the very near future, it's becoming more apparent what the update will not include. If the reports hold true, don't expect Apple TV support for either 1080i or 1080p HD playback.

Instead it will only push out 720p clips. The word -- and cause for much internal debate, we're told -- is that this has something to do with the A4's inability to crank on higher resolution content, but we don't see how that's possible considering the iPhone 3GS could play back full HD video.

As it stands, however, the device will be renamed iTV since the "Apple TV" brand didn't work very well - just like Apple TV itself, its critics will tell you. But the new and improved update will likely come with unique apps and presumably it's very own App Store. It isn't yet clear, though, if there will be "cross-pollination between iPad and iPhone / iPod touch offerings" and the suspected new Apple TV applications.